Use the rule of 72 for the monthly compound:
About 10.3 years
Tom:
Previous balance: 2,452.64
payment: 160
new transaction: 138
APR: 15.6%
We need to divide APR by 12 to get the monthly rate: 15.6% / 12 = 1.3%
2,452.64 - 160 = 2,292.64
2,292.64 * 1.3% = 29.80 interest for the month. We did not include 138 because it still is within the 1 month period and it is not subject to interest. Only the revolving amount of 2,292.64 has interest.
2,292.64 + 29.80 + 138 = 2,460.44 NEW BALANCE OF TOM
Marco:
Unpaid credit card balance: 4,332.75
APR: 18.6%
New transaction: 432
Divide APR by 12 to get the monthly rate: 18.6% / 12 = 1.55%
4,332.75 * 1.55% = 67.16
4,332.75 + 67.16 + 432 = 4,831.91 NEW BALANCE OF MARCO
Answer:
13/40
Step-by-step explanation:
Since fraction wont come clear in Brain.ly I am attaching a picture typed in word
The answer is 36/49.
You take the second fraction and flip it (it will be 12/14) and you multiply straight across. You get 72/98. You simplify it by finding it's greatest common factor (in this case it is 2) so you divide it the numerator and the denominator by 2. You get 36/49.
Answer:
25%
Step-by-step explanation:
The number of people who went to the local swimming pool in the;
first week = 1120
second week ( 105 fewer people) = 1120 - 105 = 1015
third week (135 more people) = 1015 + 135 = 1150
fourth week (310 fewer people|) = 1150 - 310 = 840
The percent decrease in the number of people who went to the pool over these four weeks
= (1120 - 840)/1120 * 100%
= 280/1120 * 100%
= 1/4 * 100%
= 25%
It means that the number of people who went to the local swimming pool over the 4 weeks decreased by 25%
